Lakeshore Foundation
- Assets
- $235.1k
- Revenue
- $41.0k
- Investments
- $223.1k
- Employees
- 0
- Location
- Hinsdale, IL
- Founding
- 04/2009
- Data as of
- 12/2021
- EIN
- 26-3871609
Organization Overview
Lakeshore Foundation is located in Hinsdale, IL. The organization was established in 2009. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lakeshore Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Lakeshore Foundation generated $41.0k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 14.6% each year . All expenses for the organization totaled $25.9k during the year ending 12/2021. While expenses have increased by 5.3% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George V Malmgren IV Treasurer | 0 | $0 | |
Anthony G Marcussen Director | 0 | $0 | |
Candelaria Malmgren Tager President | 0 | $0 | |
Barbara M Tirman Director | 0 | $0 | |
Gregg S Tager Director | 0 | $0 | |
Melissa A Malmgren Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $8,218 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $31,794 |
| Capital Gain Net Income | $31,794 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $41,012 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $128 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,890 |
| Contributions, gifts, grants paid | $23,000 |
| Total expenses and disbursements | $25,890 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $12,080 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $79,023 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $235,147 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Lakeshore Foundation has awarded $23,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
NORTHERN ILLINOIS FOOD BANK PURPOSE: REDUCE HUNGER IN THE CHICAGO AREA | $10,000 |
THE NIGHT MINISTRY PURPOSE: PROVIDE HOUSING, HEALTH CARE AND HUMAN CONNECTION TO THOSE STRUGGLING WITH POVERTY | $4,000 |
Chicago, IL PURPOSE: TO SUPPORT THE COMMUNITY AND THE HEALTH AND WELL-BEING OF THE LGBTQ PEOPLE OF CHICAGOLAND. | $3,000 |
MY BLOCK MY HOOD MY CITY PURPOSE: PROVIDE YOUTH FROM DIVESTED NEIGHBORHOODS WITH AN AWARENESS OF THE WORLD AND OPPORTUNITIES BEYOND THE NEIGHBORHOOD. | $3,000 |
Chicago, IL PURPOSE: TO IMPROVE THE HEALTH OF THE CHICAGO RIVER SYSTEM FOR THE BENEFIT OF PEOPLE AND WILDLIFE | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Asante Foundation Inc South Bend, IN | $170,490,031 | $16,382,298 |
Klaff Family Foundation Chicago, IL | $171,629,374 | $12,167,429 |
Deborah Joy Simon Foundation Carmel, IN | $67,791,546 | $8,858,983 |
Charles E Lakin Foundation Inc Council Bluffs, IA | $146,415,136 | $18,758,116 |
The Pritzker Pucker Family Foundation Chicago, IL | $63,807,485 | $11,921,924 |
The Hagan Scholarship Foundation Columbia, MO | $259,194,852 | $64,132,818 |
Sunshine Charitable Foundation Libertyville, IL | $0 | $4,219,972 |
Tracy Family Foundation Mt Sterling, IL | $19,754,710 | $6,714,098 |
Chicagobeyond Inc Chicago, IL | $1,837,444 | $0 |
Conduit Foundation Chicago, IL | $3,365,161 | $7,119,515 |
Anahata Foundation Chicago, IL | $150,849,919 | $3,685,553 |
Melitta S And Joan M Pick Charitable Trust Milwaukee, WI | $69,688,567 | $15,533,257 |